Common use of Payments Received Under the Cash Management Agreement Clause in Contracts

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Mortgagor’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund and any other payment reserves established pursuant to this Mortgage or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by Mortgagee.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or Agreement and the other Loan Documents, and provided no other Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and Amount, amounts due for the Tax and Insurance Escrow Fund, Required Repair Fund, Replacement Reserve Fund and any other payment reserves or other monetary obligations established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited on deposit in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or Agreement and the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the monthly payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund Funds, FF&E Reserve Funds, Ground Rent Reserve Funds, and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Mortgagor’s Borrower's obligations with respect to the monthly payment of the Monthly Debt Service Payment Amount principal and interest and amounts due for the Tax and Insurance Escrow Fund, the Required Repair Fund, the Replacement Reserve Fund and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account established pursuant to the Cash Management Agreement to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund, Replacement Reserve Fund, Rollover Reserve Fund and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or Agreement and the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the monthly payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund Funds, FF&E Reserve Funds, Required Repair Funds and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund Account, the Replacement Reserve Account, the Rollover Reserve Account and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or Agreement and the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the monthly payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund Funds, FF&E Funds, Required Repair Funds and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.

Payments Received Under the Cash Management Agreement. Notwithstanding anything to the contrary contained in this Mortgage or Agreement and the other Loan Documents, and provided no Event of Default has occurred and is continuing, MortgagorBorrower’s obligations with respect to the monthly payment of the Monthly Debt Service Payment Amount and amounts due for the Tax and Insurance Escrow Fund Funds, FF&E Reserve Funds, and any other payment reserves established pursuant to this Mortgage Agreement or any other Loan Document shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by MortgageeLender.